Suite number:
Topaz
Project:
Address:
Mississauga, Ontario
Developer:
Solmar Development Corp
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
1.5
Size:
807 sqft
Occupancy Date:
Jan 2027
Price, CAD
$1,049,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
22.30%
Cumulative Return on Investment in Year 5
103.34%
Property Price at the End of Year 5
$1,353,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$52,495
5% on Occupancy
$52,495
Net Gain (Loss)
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Property Price Appreciation
Investment Details (10-Year Period)
Income/Return
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| property price appreciation | $54,000 | $57,000 | $60,000 | $64,000 | $67,000 | $70,000 | $74,000 | $78,000 | $82,000 | $86,000 | $693,000 |
| rent income | - | $2,000 | $28,000 | $29,000 | $31,000 | $32,000 | $33,000 | $35,000 | $36,000 | $38,000 | $266,000 |
| mortgage principal reduction | - | $1,000 | $13,000 | $14,000 | $14,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $125,000 |
| deposit interest | $3,000 | $5,000 | - | - | - | - | - | - | - | - | $7,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $57,000 | $66,000 | $126,000 | $107,000 | $112,000 | $117,000 | $123,000 | $129,000 | $136,000 | $142,000 | $1,115,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $52,000 | $52,000 | - | - | - | - | - | - | - | - | $105,000 |
| remaining balance payment | - | $105,000 | - | - | - | - | - | - | - | - | $105,000 |
| closing cost | - | $58,000 | - | - | - | - | - | - | - | - | $58,000 |
| operating expense | - | $924 | $11,000 | $11,000 | $12,000 | $12,000 | $12,000 | $12,000 | $13,000 | $13,000 | $98,000 |
| mortgage payment | - | $4,000 | $53,000 | $53,000 | $53,000 | $53,000 | $53,000 | $53,000 | $53,000 | $53,000 | $425,000 |
| total expense investment | $52,000 | $221,000 | $64,000 | $64,000 | $64,000 | $64,000 | $65,000 | $65,000 | $65,000 | $66,000 | $791,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $4,000 | -$155,080 | $62,000 | $43,000 | $48,000 | $53,000 | $58,000 | $64,000 | $70,000 | $77,000 | $324,000 |
| cumulative roi | $108 | $46 | $74 | $89 | $103 | $116 | $129 | $141 | $153 | $165 | $1,000 |
ORO at Edge Towers
Address: Mississauga, Ontario
Price Range: $766,000 - $1,148,000
Avail. suites: 9
1—2 bd
500—883 SqFt